Espresso ($ESP) hasn’t been getting much recent discussion, but there’s a point in the data worth noting: the quoted price is about $0.06752, with a 24-hour trading volume of around $15.99 million. Compared with a market cap of about $35.15 million, the turnover rate isn’t low.
For assets that lack sustained topic-driven momentum, I’m more inclined to first observe whether the trading volume can continue, rather than only looking at short-term price spikes. If volume tapers off, sentiment tends to cool; if it keeps expanding alongside new narratives, then it’s more worth monitoring. Not investment advice.#Espresso #On-chain observation
For assets that lack sustained topic-driven momentum, I’m more inclined to first observe whether the trading volume can continue, rather than only looking at short-term price spikes. If volume tapers off, sentiment tends to cool; if it keeps expanding alongside new narratives, then it’s more worth monitoring. Not investment advice.#Espresso #On-chain observation